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Quantitative Finance · Begrippenlijst

Wat is Non-compete clause, garden leave, non-solicitation clause?

Ook bekend als: non-compete clause · garden leave · non-solicitation clause

Definition 11.3 The Desk and the Firm · Hoofdstuk 11 — Intellectual Property and Non-Competes

A non-compete clause bars a former employee from working for a competitor, or in a defined activity, for a period after leaving. Garden leave is a notice period during which the employee remains employed and paid but is kept away from work, clients and markets. A non-solicitation clause bars a former employee from soliciting the firm’s clients or hiring away its staff for a period.

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